The Saadiq Term Account is based on the concept of Mudaraba where you can earn competitive returns without compromising your beliefs.

Additional Features

Earn Attractive Profits

The Saadiq Term Account works on the concept of Mudaraba. Standard Chartered places your funds in its pool of Shariah-compliant assets, and the profits are shared between you and the bank based on the various tenures available. Profits are announced monthly and credited to your account at maturity.

Saadiq Profit Rates & Weightages

Round-the-Clock Banking Convenience
  • Enjoy the freedom of banking 24 hours a day, 7 days a week, from wherever you are in the world. You can choose from any of the latest automated banking services:
    • Online Banking
    • Phone Banking
    • Breeze Mobile Banking
    • ATMs at more than 100 convenient locations
    • Cash and cheque deposit machines at select branches in the UAE

The Shariah Supervisory Committee

This product is approved by the independent Shariah Supervisory Committee, so you can bank worry-free while complying with Islamic Banking principles.

Learn more about the committee »

Terms and Conditions

    • The Saadiq Term Account is based on the principle of Mudaraba. In line with the rules of Islamic Shariah, the customer bears any losses incurred by the Mudaraba assets, as a ratio of its share.
    • These products are governed by the Standard Chartered Saadiq Terms & Conditions, which are available at branches across the UAE.
    • In the case of early withdrawal, the customer will receive profits for the last completed tenure based on respective rates for each month and the number of days the funds are held. However, this is subject to a minimum investment period of 30 days. For withdrawals within 30 days, no profit will be payable and only the principal will be returned.

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600 5222 88

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